Technical Analysis for CCCL - China Ceramics Co., Ltd.

CCCL closed unchanged on Wednesday, March 20, 2019, on 25 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Profile

China Ceramics Co., Ltd. engages in the manufacture and sale of ceramic tiles for exterior siding and interior flooring, and design in residential and commercial buildings in the People's Republic of China and internationally. It provides porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles, ultra-thin tiles, and polished glazed tiles. The company sells its products under the Hengda, Hengdeli, Pottery Capital of Tang Dynasty, TOERTO, and WULIQIAO brands through a network of distributors, as well as directly to property developers. China Ceramics Co., Ltd. is headquartered in Jinjiang City, the People's Republic of China.
Building MaterialsVisual ArtsArt GenresCeramic MaterialsDecorative ArtsCeramic ArtPottery

Is CCCL a Buy, Sell or Hold?

Indicator

Bull Case

Neutral / Hold

Bear Case

50
DMA

200
DMA

ADX Trend

Oversold / Overbought

Relative Strength

Summary:

Counts: 3 bullish, 2 bearish and 0 neutral indicators. You may wish to incorporate that into your trading strategies.